Midland Funding LLC My wages were garnished last year. I contacted my employer to get the Garnishment letter. There was no letter. Finally, I got one last week. Midland Funding Howard Beach New York

 In what state do you live??? I suggest you consult your State's Attorney General or Secretary of State.  Most States have a requirement for third party debt collectors to register and pay a surety bond with insurance.  I am sorry you are being ripped off - this company is one of the worst third party debt collection agencies and has been sued/fined so many times.

• The portfolio of accounts is sold to third party debt buyers for a huge discount off of the face value.  These third party debt buyers are also known as “junk debt” buyers.  Examples include Midland Funding, LVNV, Portfolio Recovery, Cach, and many, many more.  Usually, the junk debt buyer buys these portfolios for 5 – 7 cents on the dollar.  For example, let’s say Chase Bank has decided to sell a portfolio of charged off credit card accounts.  They package  1,000 accounts into a portfolio. These 1,000 accounts have a face value of $1 million dollars.  Remember, the face value is how much all the charge offs add up to be.  Chase Bank sells this portfolio to Midland Funding for 5 cents on the dollar.  That means Midland Funding pays only $50,000 for a portfolio of accounts with a face value of $1 million dollars.  What a deal for Midland Funding!  And typically, once this sell takes place, the original creditor is no longer involved with the account whatsoever.
• Junk debt buyers will sue you for the full amount and sometimes more.  Just because the junk debt buyer has bought these accounts at a discount, doesn’t mean they aren’t going to try to collect the full amount owed from you.  In fact, they will sometimes file lawsuits for the full charge off amount of your account and also ask the court to grant them pre-judgment interest, post judgment interest, attorneys fees and court costs.
• So what exactly does a portfolio contain?  Usually the junk debt buyer receives no more than a spreadsheet with thousands of names, addresses, telephone numbers, account numbers, and charge off amounts.  Basically, they receive just enough to send you letters demanding payment or to file lawsuit against you.
• Junk debt buyers file lawsuits by the thousands.  
• An estimated 97% of people facing third party debt collection lawsuits do not answer the lawsuit. Therefore, thousands of lawsuits result in default judgments against consumers and the debt buyers almost never have to prove their case.
• Junk debt buyers usually do not have sufficient documentation to support the lawsuit against you.  The more documentation provided with the portfolio, the more expensive the portfolio becomes.  If 97% of the time, they don’t have to prove their case with documentation because consumers don’t file an answer to the lawsuit, why should they spend the extra money on obtaining account statements, credit agreements and other account documents from the original creditor?

I sued two of these junk buyers and won - one paid me and the other did not.  Do not let this get away - most consumer Attorneys work on a contigency basis so get one!  Please let me know what happens - you are being screwed bad and I wish for you to fight back!